Takeaways from Orbcomm’s May 4 earnings results:
— Expect a midsize acquisition using high-yield bond proceeds this year.
— Hali service for small maritime vessels to extend AIS business reach.
— Giant order with China’s CIMC appears to be on the horizon.
— Company scrambling to meet increased product demand this year.
PARIS — Satellite M2M/IoT provider Orbcomm Inc. told investors to expect a midsize acquisition in the coming months now that a $250-million high-yield bond . . .
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